{"id":4182,"date":"2026-11-11T10:03:49","date_gmt":"2026-11-11T05:03:49","guid":{"rendered":"https:\/\/ipp-news.com\/?p=4182"},"modified":"2026-11-11T10:03:49","modified_gmt":"2026-11-11T05:03:49","slug":"oil-rises-from-two-month-low-as-hormuz-shipping-attacks-offset-iran-truce-hopes","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=4182","title":{"rendered":"Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes"},"content":{"rendered":"
\n

Oil prices rose on Wednesday after falling to two-month lows in the previous session, as the market swung between hopes for a de-escalation in the Iran \u200bwar and concerns about ongoing attacks on shipping in the Strait of Hormuz.<\/strong><\/p>\n

Brent \u200cfutures climbed 71 cents, or 0.78%, to $92.20 a barrel. US West Texas Intermediate (WTI) crude rose 49 cents, or 0.57%, to $86.53.<\/p>\n

New data<\/a> showed that 37 ships were attacked in the Strait of Hormuz and \u200bsurrounding waterways in October, the highest monthly total since the start of the war, \u200baccording to the Washington Institute for Near East Policy. And 10 attacks \u2060have been recorded so far in November.<\/p>\n

Videos posted on social media on Sunday and verified \u200bby Reuters showed a Navig8 tanker on fire near the coast of Oman, one of three \u200btankers hit on Sunday for using \u201cunauthorised routes\u201d through the strait, according to the Iranian state broadcaster.<\/p>\n

Another tanker was struck northeast of Oman\u2019s Lima, the United Kingdom Maritime Trade Operations (UKMTO) agency said on Tuesday.<\/p>\n

Iran\u2019s Revolutionary \u200bGuards Navy said in a separate statement on Tuesday that two tankers caught fire after \u200bhitting naval mines on the \u201cunauthorised route\u201d in the strait.<\/p>\n

\u201cEven in the event a deal is struck, an increase \u200cin \u2060flows through the waterway would still depend on mine clearance, insurance costs and whether or not shipowners would even be willing to take the risk,\u201d LSEG analysts said in a November 10 note. \u201cMeanwhile, attacks have not slowed.\u201d<\/p>\n

In the previous session, oil prices initially fell<\/a> by more than $3 a \u200bbarrel after US officials downplayed<\/a> \u200bthe need for further \u2060military strikes against Iran, but then gained back some of those losses after an Iranian security official said<\/a> no talks were taking place between \u200bthe two sides.<\/p>\n

US crude oil stocks rose in the latest week, market \u200bsources said, \u2060citing data from the American Petroleum Institute. Crude stocks rose by 9 million barrels in the week ended November 6, the sources said.<\/p>\n

In Russia, oil refining<\/a> capacity has been reduced by about 30% since \u2060late \u200bOctober following renewed Ukrainian drone attacks, industry sources said.<\/p>\n

Russian and \u200bUkrainian officials met<\/a> in Abu Dhabi on Tuesday for their first peace talks since February as US President Donald Trump\u2019s \u200benvoys launched a fresh push to end the war.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Oil prices rose on Wednesday after falling to two-month lows in the previous session, as the market swung between hopes for a de-escalation in the Iran \u200bwar and concerns about ongoing attacks on shipping in the Strait of Hormuz. Brent \u200cfutures climbed 71 cents, or 0.78%, to $92.20 a barrel. US West Texas Intermediate (WTI) crude rose 49 cents, or 0.57%, to $86.53. New data showed that 37 ships were attacked in the Strait of Hormuz and \u200bsurrounding waterways in October, the highest monthly total since the start of the…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-4182","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/4182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4182"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/4182\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}